Enteq Technologies (LSE:NTQ) Cash-to-Debt : 4.03 (As of Sep. 2024)

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What is Enteq Technologies Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Enteq Technologies's cash to debt ratio for the quarter that ended in Sep. 2024 was 4.03.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Enteq Technologies could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Enteq Technologies's Cash-to-Debt or its related term are showing as below:

LSE:NTQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.03 Med: No Debt Max: No Debt
Current: 4.03

During the past 13 years, Enteq Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 4.03. And the median was No Debt.

LSE:NTQ's Cash-to-Debt is ranked better than
72.85% of 987 companies
in the Oil & Gas industry
Industry Median: 0.52 vs LSE:NTQ: 4.03

Enteq Technologies Cash-to-Debt Historical Data

The historical data trend for Enteq Technologies's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Enteq Technologies Cash-to-Debt Chart

Enteq Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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No Debt

10.18

Enteq Technologies Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	10.18	4.03

Competitive Comparison of Enteq Technologies's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Enteq Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enteq Technologies's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enteq Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Enteq Technologies's Cash-to-Debt falls into.

Enteq Technologies Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Enteq Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.352	/	(0.074	+	0.157)
	=	10.18

Enteq Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.822	/	(0.082	+	0.122)
	=	4.03

Enteq Technologies (LSE:NTQ) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Enteq Technologies Cash-to-Debt Related Terms

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Enteq Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enteq Technologies PLC (LSE:NTQ) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

5EQ:Germany

Address

High Street Ascot, The Courtyard, Berkshire, GBR, SL5 7HP

Website

https://www.enteq.com

Enteq Technologies PLC is engaged in providing energy technologies for directional drilling and geo-steering. It develops technologies for measurement, logging, and geo-steering while drilling wells for oil, gas, and geothermal markets. The company products include Downhole Connectivity Systems and the SABER Tool - Rotary Steerable System. It has a single business segment, the Drilling Tools division.

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